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The Fresh Market (TFM) Stock Rises on Plans for Strategic Review

NEW YORK (TheStreet) -- The Fresh Market (TFM - Get Report) stock is gaining by 6.44% to $28.20 in pre-market trading on Tuesday, after the grocery store chain announced it will conduct a strategic and financial review of the business.

The move comes nearly two months after Richard Anicetti was appointed CEO.

The Fresh Market will look into ways to add value to the company by optimizing its capital structure, exploring a sale of the business or merging with another company.

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The company will announce the results of the review when it reports its fiscal 2015 third quarter earnings results in November.

Additionally, The Fresh Market was upgraded to "neutral" from "underperform" at Credit Suisse this morning.

The firm also raised its price target to $28 from $22 following speculation that the new CEO will consider taking the company private.

Separately, TheStreet Ratings team rates FRESH MARKET INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate FRESH MARKET INC (TFM) a HOLD. The primary factors...